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$ 3,350,000
Est. payment | /mo
17 Beds
19 Baths
9,165 SqFt
$ 3,350,000
Est. payment | /mo
17 Beds
19 Baths
9,165 SqFt
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 9,165 sqft
Price per Sqft $365
MLS Listing ID 26663117
Bedrooms 17
HOA Y/N No
Year Built 1963
Lot Size 9,979 Sqft
Property Description
3945 Frances is an opportunity to acquire a 19 unit offering in a prime pocket of Mar Vista, adjacent to multi-million dollar homes. The property consists of 19 units, of which, (6) bachelor units are non-conforming. The current unit mix is (13) 1 bed, 1 bath and (6) bachelor, 1 bath units spread out across 9,165 square feet. The building was built in 1963 and sits on a 9,976 square foot lot zoned LAR3. There are currently 2 vacant 1 bed, 1 bath units that offer an investor the opportunity to capture immediate upside. With it's central location on the Westside, the Mar Vista submarket captures premium rents and the ability to increase cash flow on day one. The building offers on-site laundry facilities and 13 parking spaces, a necessary amenity in this part of town. Mar Vista has benefited from it's location, adjacent to Venice to the west, Culver City to the south, and West LA to the north. These locations have seen massive growth and development, with both an influx of businesses and residents that have helped rejuvenate these markets, making them a premiere rental pocket in LA's most desirable and renter friendly pocket.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Range, Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
View Y/N No
View None
Total Parking Spaces 13
Private Pool No
Building
Lot Description Rectangular Lot
Faces East
Story 2
Entry Level Two,Multi/Split
Sewer Other
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4235005001
Special Listing Condition Standard
Listed by Peter James Lyon Stahl Investment Real Estate, Inc. #01748556
NEARBY SCHOOL & BUSINESS